Global Medical Aesthetics Market to Grow at CAGR of 10.8% by 2020

It is an undeniable fact that plastic surgery is continually on the rise, not only in the U.S., but all over the world. With the arrival of more successful minimally invasive and non-invasive techniques, more people feel confident in reaching out to physicians and benefiting from their expertise. According to a report published by the International Society of Aesthetic Plastic Surgery (ISAPS) in July 2015, over 20 million cosmetic surgical and non-surgical procedures were performed worldwide in 2014. Considering surgical procedures, breast augmentation is the most sought after among women while eyelid surgery is highly prevalent among men. The leading non-surgical procedure among both men and women is Botulinum Toxin.

The June 2015 report from Markets and Markets estimates that the global Medical Aesthetics Market will reach $12,581.9 million by 2020, growing at a CAGR (Compound Annual Growth Rate) of 10.8% from 2015 to 2020.

Key factors that drive the growth of the market are increasing demand of minimally invasive as well as non-invasive aesthetic procedures, technological advancements in energy-based devices, and rapid growth in the number of cosmetic procedures. Factors that restrict the growth of the market are – strict safety regulations for aesthetic procedures and a social stigma associated with these treatments.

Based on the product, the market is divided into aesthetic lasers and energy devices, aesthetic implants, and facial aesthetics. The aesthetic lasers and energy devices segment is classified further as laser resurfacing devices, body-contouring devices, laser hair removal devices and aesthetic ophthalmology devices.

As of 2015, North America is said to hold the largest share of the market. However, the Asia-Pacific region is poised to grow at the highest CAGR from 2015 to 2020. Catalysts for this growth are factors such as increasing middle class disposable income, aggressive marketing by leading U.S., and an increase in awareness about aesthetics in the region. Key players in the global aesthetics market include – Cynosure, Inc. (U.S.), Solta Medical, Inc. (U.S.), Syneron Medical, Ltd. (Israel) and ZELTIQ Aesthetics, Inc. (U.S.).

Disclaimer: The materials on this website are for informational purposes only and do not constitute the giving of medical advice. Individual results will vary and no guarantee is stated or implied by any photo use or any statement on this site. Your use of this site does not create a patient-plastic surgeon relationship between you andbodySCULPT®or between you and any plastic surgeon affiliated withbodySCULPT®. The information contained in this website is not intended to be a substitute for professional medical advice. Click Here for Full Disclaimer.